On July 19th, the Malta Financial Services Authority (MFSA) took its first important step to revise the regulatory guidelines of the capital market in the country by releasing a new consultation paper for Security Token Offerings (STOs).
According to reports from local news media, Times of Malta, the paper is in line with the MFSA’s vision 2021. The objective is to cater for the evolving needs of the capital market while reducing systemic risks and maintaining high market integrity.
A safe haven for blockchain
The successful implementation of the proposed STO policy will once again boost Malta’s ranking as one of the global leaders of the blockchain industry and one of the first countries in the world to provide a defined classification for digital assets.
The Maltese government has always had an open mind for blockchain technology by providing friendly regulatory guidelines for the industry. This is the reason why crypto and blockchain-related companies, including leading crypto exchange Binance, choose the country as a base for conducting their operations.
In April, Malta signed a Memorandum of Understanding with Singapore, another blockchain-friendly country, to promote the growth of the technology and other digital innovations.
Invitation for feedback
The consultation paper, which covers different topics of the Security Token Offering lifecycle, is open to comments and feedback from the public from the day of publication until August 30th, 2019.
Industrial experts and interested individuals are invited to send their comments via email to [email protected]
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